M/s. V. B. Pharmaceuticals Ltd. offered for subscription its 10000 equity shares of ₹ 100 each at a premium of 20 per share. The amount was payable as follows :

On Application- 30 per share

On Allotment-P 60 per share (including premium)

On First and Final call- 30 per share

Applications were received for 15000 shares. Allotment was made on pro rata

basis to the applicants of 12000 shares. The remaining applications were rejected and money returned. Excess application money was adjusted on the

account of Sum Due on Allotment.

All money on allotment and call was duly received except on 1200 shares held by Vivek, who did not pay the call money. His shares were forfeited.

Make Journal Entries to record the above transactions in the books of the

company.​

What two elements normally must exist before a person can be held liable for a crime

Acompany using the perpetual inventory system purchased inventory worth $540,000 on account with credit terms of 2/15, n/45. defective inventory of $40,000 was returned 2 days later, and the accounts were appropriately adjusted. if the company paid the invoice 20 days later, the journal entry to record the payment would be

The following accounts are denominated in pesos as of december 31, 2015. for reporting purposes, these amounts need to be stated in u. s. dollars. for each balance, indicate the exchange rate that would be used if a translation is made under the current rate method. then, again for each account, provide the exchange rate that would be necessary if a remeasurement is being made using the temporal method. the company was started in 2000. the buildings were acquired in 2002 and the patents in 2003. (round your answers to 2 decimal places.) exchange rates for 1 peso are as follows: 2000 1 peso = $ 0.28 2002 1 = 0.26 2003 1 = 0.25 january 1, 2015 1 = 0.24 april 1, 2015 1 = 0.23 july 1, 2015 1 = 0.22 october 1, 2015 1 = 0.20 december 31, 2015 1 = 0.16 average for 2015 1 = 0.19